Respuesta :
The penalty for not having coverage the entire year will be at least $850 per adult and $425 per dependent child under 18 in the household when you file your 2022 state income tax return in 2023.
It basically states that you must either have fundamental health insurance, qualify for an exemption, or pay a fine. This fine is referred to under the legislation as a "shared responsibility payment."
What is the shared responsibility payment?
When they submit their 2020 California income tax returns in 2021, citizens of California who did not have insurance for themselves and their dependents in 2020 and who did not otherwise qualify for an exemption will be subject to an Individual Shared Responsibility Penalty. The monthly penalty is determined depending on a number of variables, such as the household's total income and the age of the individual. Each person who does not have coverage or an exemption is subject to the penalty.
We recently published FTB Notice 2020-01 to help taxpayers and tax experts determine the potential size of the penalty for the 2020 tax year.
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